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Storebrand EVP Increases Stake as Company Adjusts Treasury Share Holding

Story Highlights
  • Storebrand EVP and primary insider Tove Selnes bought 270 shares via the employee scheme, lifting her holding to 59,495 shares.
  • Storebrand sold 270 treasury shares in the same scheme and now holds 14,896,804 shares, or 3.42% of its share capital.
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Storebrand ASA ( (GB:0NO0) ) just unveiled an announcement.

Storebrand ASA reported a small insider share transaction under its employee share purchase scheme, with Executive Vice President and primary insider Tove Selnes acquiring 270 Storebrand shares at an average price of NOK 177.74, bringing her total holding to 59,495 shares. In connection with the employee scheme, Storebrand sold the same number of shares from its own holdings at NOK 177.74 and now holds 14,896,804 treasury shares, equivalent to 3.42% of its share capital, a routine adjustment that underscores ongoing alignment of executive and employee interests with shareholders.

The most recent analyst rating on (GB:0NO0) stock is a Sell with a NOK145.00 price target. To see the full list of analyst forecasts on Storebrand ASA stock, see the GB:0NO0 Stock Forecast page.

More about Storebrand ASA

Storebrand ASA is a Norwegian financial services group headquartered in Lysaker, operating primarily in insurance, pension savings, and asset management. The company focuses on long-term savings and insurance solutions in the Nordic market, managing significant assets on behalf of retail and institutional clients.

Average Trading Volume: 750,402

Current Market Cap: NOK74.52B

For a thorough assessment of 0NO0 stock, go to TipRanks’ Stock Analysis page.

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